Pakistani government decides opposes privatizing exhibition centers

Expo centers have been well managed by the government, and their growing revenue was taken into consideration when making this choice, according to Expo Center CEO Mariam Khawar.

Allegations of corruption led to the dismissal of the previous Chief Finance Officer (CFO), as disclosed by the CEO. According to Expo Center spokeswoman Maryam Khawar, an investigation is happening and progress is being made.

According to Mariam Khawar, the Expo Centers also produce their own revenue to meet expenses, thus they are self-sufficient and do not receive funding from the government.

The privatization of two divisions within the Petroleum Division was previously approved by the federal cabinet.

Saindak Metals Limited (SML) and Pakistan Mineral Development Corporation are set to go public after receiving approval from the cabinet.

ENAR Petrotech Services Pvt Ltd, the Petroleum Division’s department, would be shut down. The government has not yet decided what would happen to the Sui Gas Companies, Pak-Arab Refinery Limited, or Pakistan State Oil (PSO), three additional departments that are part of the Petroleum Division.

In the past, eight corporations have shown interest in purchasing Pakistan International Airlines (PIA). This is a crucial point to note.